Eastside Distilling, Inc. (EAST) Tops Q1 EPS by 42c

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Go back to Eastside Distilling, Inc. (EAST) Tops Q1 EPS by 42c

Eastside Distilling Reports First Quarter 2021 Financial Results

May 13, 2021 4:15 PM EDT

PORTLAND, Ore., May 13, 2021 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits and ready-to-drink "RTD" craft cocktails, reported first quarter 2021 financial results for the period ended March 31, 2021.

First Quarter 2021 Highlights:

Consolidated top line sales growth in Q1 of +4% despite Covid pandemic Fully diluted EPS of $0.31 Executed on improvements in structural cost reduction to operating expenses Significantly improved liquidity while refinancing... More